The 2023 year-on-year variations in global petroleum support highlight a mixed trend across countries. Notable increases include Spain at 11.69% and Ukraine at 23.98%, indicating strong growth in fossil fuel support in these regions. Meanwhile, Indonesia and Luxembourg saw significant decreases of -7.59% and -5.7%, respectively. Over the last five years, consistent trends include moderate gains in Ireland and Lithuania, and declines in countries like France and the United States. Countries like Costa Rica lead in fossil fuel support value, while Moldova remains at the lower end.
Looking ahead, countries will likely continue to grapple with balancing environmental commitments with energy demands. Watch for policy shifts as regions like the EU aim to reduce dependence on fossil fuels, potentially lowering support levels. Emerging markets, like India, may adjust support based on economic growth and energy transition strategies. Monitoring these dynamics will be critical to understanding future global trends in petroleum support.
Top countries in Petroleum Support by Country
| # | 10 Countries | Percent of Fossil Fuel Support | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Costa Rica | 100 | 2021 | 0% | +0.004% | View data |
| 2 | 2 India | 96.83 | 2023 | -0.031% | -0.38% | View data |
| 3 | 3 Estonia | 95.62 | 2023 | +1.15% | +0.36% | View data |
| 4 | 4 Chile | 94.14 | 2023 | -0.053% | +0.028% | View data |
| 5 | 5 Belgium | 92.47 | 2023 | -0.53% | -0.8% | View data |
| 6 | 6 Spain | 92 | 2023 | +11.53% | +11.69% | View data |
| 7 | 7 Sweden | 91.72 | 2023 | +0.23% | -0.23% | View data |
| 8 | 8 Denmark | 90.44 | 2023 | +0.38% | -0.36% | View data |
| 9 | 9 Russia | 89.54 | 2023 | -0.14% | -0.58% | View data |
| 10 | 10 Israel | 87.98 | 2023 | -0.31% | +0.19% | View data |
